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Budget tightrope to cut oil dependence, ease inflation
War in the Middle East and the fuel crunch it has triggered have forced a frantic redrafting of the federal budget papers.
Before the conflict disrupted the narrow stretch of water that roughly 20 per cent of global oil supplies sail through, penny-pi…
Iran war’s global energy crisis sharpens China’s advantage in clean tech
China is poised to benefit from the Iran war as global energy disruptions accelerate a shift away from fossil fuels and toward clean technologies and renewable power, industries that China dominates.…
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Probe Conducted on Alleged Chinese Undersea Monitoring System Discovered Near Bali and Lombok
A large torpedo-shaped device located near an island between Bali and Lombok has sparked concerns of being a Chinese undersea monitoring system. The Indonesian Navy, after a fisherman’s discovery, is conducting a detailed examination.…
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US stocks midly extended on record highs, as Israel and Lebanon agree to a 10-day ceasefire – Newsquawk Asia-Pac Market Open
US stocks extended on record levels and the Nasdaq continued to outperform, albeit modestly, while most sectors finished higher, led by energy, real estate and technology, although healthcare, industrials and consumer discretionary lagged.…
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Rising costs push regional NSW shops to innovate
Caitlynn King was just 21 when she purchased the local newsagency in Gilgandra in western New South Wales.
A sharp downturn in revenue due to the COVID pandemic in 2020 gave her a crash course in the challenges of running a small business in a rural to…
Stock Market Today: Futures Tick Up After Record Day For S&P 500, Nasdaq On Growing Hopes Of Iran Deal- A
Futures related to U.S. stocks ticked up in pre-market trading on Thursday, after the benchmark S&P 500 and tech-heavy Nasdaq Composite rose to fresh records in the previous session, as investors weighed signs of easing tensions between Was…
Defence Minister Richard Marles’ grim nuclear warning as Australia pours $53 billion into high tech weapons
Australia will pour tens of billions of dollars into high-tech weapons in a contentious update to the nation’s defence strategy, with Defence Minister Richard Marles warning the country faces threats more serious than anything seen in the last 80 years…
Rattled by Trump, U.S. allies eye Japan’s biggest arms opening since WW2
Japan’s imminent easing of arms export rules has sparked strong interest from Warsaw to Manila, Reuters reporting found, as President Donald Trump wavers on security commitments to allies and the wars in Iran and Ukraine strain U.S.…
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China-linked Company Acquires Controlling Stake in Queensland Coal Mine
A China-linked firm has recently acquired a majority stake in a coal mine located in Queensland, as reported in a recent development that is poised to impact the region’s energy and economic landscape.…
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‘Worse than Covid-19 pandemic’: Local food manufacturers on fallout from Middle East energy crisis
SINGAPORE – For soya sauce maker Thomas Pek, the fallout from the Middle East energy crisis has hit local manufacturers here in a far more painful way than recent crises, including the Covid-19 pandemic.…
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